Property Type: Detached HouseOwnership: Freehold

8981 HIGHWAY 101

Powell River, BC V8A0H5

$539,900

2 bed1 bath924 sqftBuilt 1988
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Property Details

Property & Lot

Sub-type
House
Lot size
1.67 acres

Ownership & Fees

Property type
Detached House
Ownership
Freehold
Annual property tax
$2,546

Interior

Heating
Wood, Other
Cooling / A/C
None
Fireplace
None

Exterior & Lot

View
Ocean view

Parking

Features
Open

Room Dimensions

RoomLevelDimensions
Living roomMain level
KitchenMain level
Primary BedroomMain level
4pc BathroomMain level
DenMain level
BedroomMain level

Listing Information

MLS®
19842
Listed
May 1, 2026
Time on market
On the market for 123 days
Data last synced
August 28, 2026

Listing provided by: ROYAL LEPAGE POWELL RIVER · Data source: CREA DDF.

Description

Welcome to 8981 Highway 101 -- a rare opportunity to own a versatile rural property just minutes south of Powell River's city centre, with an ocean view!! Set on a spacious 1.67 acre parcel, this property offers a blend of usable land and natural landscape. Approximately one acre is treed, with a stunning ravine that adds character and tranquility. Established fruit trees dot the property, offering both charm and seasonal enjoyment. The home features an older mobile offering 2 bedrooms plus a den, which could easily function as a third bedroom, office, or additional storage space. Adding incredible value to this offering is a 2018 luxury 32-foot Keystone Outback RV, included in the sale. Whether used for guests, rental income, or your own extended living space, this is a unique bonus that expands the property's flexibility. This property is ideal for buyers looking to enter the market, invest, or explore development potential. A true must see.. (id:63159)

Values & Trends

This listing

$584/sqft

Building average

No other active listings in this building

Powell River average

$435/sqft

129 active listing(s)

Parking: Not indicatedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Mostly Cloudy

14°C

Mostly Cloudy

Humidity 100%

Wind NE 3 km/h

Tonight

12°

Tuesday

21°

Tuesday night

15°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Population

13,943

(2021 Census)

+6% since 2016

Density: 482.3/km²

Dwellings: 6,718

Median household income: $67,000

After-tax: $61,200

Immigrant population: 12.8%

Top countries of origin (% of total population)

  • United Kingdom3.7% · 520
  • United States of America1.3% · 180
  • Italy0.9% · 120
  • Germany0.8% · 110
  • Netherlands0.6% · 80
  • Philippines0.5% · 75
  • China0.4% · 55
  • India0.4% · 50

Source: Statistics Canada, 2021 Census of Population.

Nearby Schools

SchoolTypeDistance
Kelly Creek Community SchoolElementary4.2 km
Powell River Christian School(Independent)Elementary/Middle7.5 km
Westview Learning CentreElementary7.8 km
Westview ElementaryElementary7.9 km
Assumption School(Independent)Elementary8.6 km
Texada ElementaryElementary8.9 km
Cote-du-SoleilElementary/Middle9.1 km
Edgehill ElementaryElementary10.0 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

School district: Powell RIver (SD47)

Mortgage & Ownership Cost Calculator

Minimum required: 5.4% ($28,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$431,920.00
Periodic payment — Principal & Interest (monthly)$2,786.60
Additional monthly expenses (strata, tax, utilities, etc.)$258.17
Total monthly cost$3,044.77
Interest paid over 5-yr term$123,789.51
Balance at end of term$388,513.44

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$28,990
Stress test qualifying rate8.09%
Payment you must qualify for$3,928.72

Cash Needed at Closing

Minimum down payment$28,990
Estimated BC PTT$8,798
Legal / closing costs (typical estimate)$1,500
Total cash needed$39,288

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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